{"id":100380,"date":"2018-10-23T10:59:13","date_gmt":"2018-10-23T03:59:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-shortfall-up-44-4-to-1-7b\/"},"modified":"2018-10-23T11:02:57","modified_gmt":"2018-10-23T04:02:57","slug":"hdb-shortfall-up-44-4-to-1-7b","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-shortfall-up-44-4-to-1-7b\/","title":{"rendered":"HDB shortfall up 44.4% to $1.7b"},"content":{"rendered":"


\nThe Housing Board incurs a deficit annually, mainly from its homeownership programmes.
\nThe Housing and Development Board\u2019s (HDB) net deficit jumped 44.4 percent to about $1.72 billion in fiscal year 2016\/2017 compared to $1.19 billion a year ago, partly due to more new flats being sold and a higher number of homes that were upgraded, reported the Straits Times.
\nIn particular, the shortfall from its homeownership programme increased to $1.38 billion versus $861 million previously, based on the agency\u2019s annual report published on Monday (22 Oct).
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides\u00a0and\u00a0BTO guides
\nOverall, the Housing Board completed the sales for over 26,800 units, which exceeded sales in the preceding fiscal year by about 5,400.
\nHDB also completed the construction of 25,530 new flats, comprising 21,889 Build-To-Order flats, 1,106 units under the Selective En bloc Redevelopment Scheme (SERS) and 2,535 rental units.
\nAt the same time, the deficit for upgrading HDB flats rose to $639 million, up from $482 million in FY 2015\/2016. This is attributed to more residential units benefiting from the Home Improvement Programme, Lift Upgrading Programme and Neighbourhood Renewal Programme.
\nThe agency incurs a deficit annually, mainly from its homeownership programmes, which includes the construction and sale of new HDB flats. But this shortfall is fully covered by a grant from the Ministry of Finance.
\nCan you afford an HDB flat? Check your\u00a0affordability\u00a0now.\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB shortfall up 44.4% to .7b<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Housing Board incurs a deficit annually, mainly from its homeownership programmes. The Housing and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100380","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-q72","jetpack-related-posts":[{"id":111852,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdbs-deficit-increase-to-2b\/","url_meta":{"origin":100380,"position":0},"title":"HDB\u2019s deficit increase to $2b","date":"October 24, 2019","format":false,"excerpt":"\r The Housing and Development Board saw its annual deficit rise to nearly $2 billion, due to a combination of fewer flat sales, disbursement of CPF housing grants, as well as the expected loss of flats under development.\u00a0 With fewer flats sold, the Housing and Development Board\u2019s (HDB) annual deficit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-calls-for-reduction-of-15-month-wait-period-tweak-absd-property-tax-revenue-to-increase-600-million-in-2024-and-more\/","url_meta":{"origin":100380,"position":1},"title":"PropertyGuru calls for reduction of 15-month wait period, tweak ABSD, Property tax revenue to increase $600 million in 2024 and more","date":"February 13, 2024","format":false,"excerpt":"\r PropertyGuru calls for reduction of 15-month wait period, tweak ABSD, Property tax revenue to increase $600 million in 2024 and more5 \u2013 13 February 2024\u00a0 In its budget wish list 2024, PropertyGuru has urged the government to reduce the 15-month wait for private property downgraders and withhold the Additional\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/02\/hdb-flats-singapore.jpg?fit=800%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":96854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-5000-flats-offered-in-hdbs-august-sales-exercise\/","url_meta":{"origin":100380,"position":2},"title":"Over 5,000 flats offered in HDB\u2019s August sales exercise","date":"August 29, 2018","format":false,"excerpt":"\r The Housing and Development Board (HDB) has launched 5,101 flats for sale under the August 2018 Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise. \u00a0The 4,375 BTO units on offer are spread across four projects in Punggol and Yishun, said the HDB in a release on Tuesday (28\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-on-decline-again\/","url_meta":{"origin":100380,"position":3},"title":"HDB resale prices on decline again","date":"October 1, 2018","format":false,"excerpt":"\r Resale flat prices rose slightly in Q2, but reverted to its declining trend in Q3. After a brief stint on the upside, prices of resale flats continued its downward trend as it fell 0.2 percent in the third quarter 2018, revealed flash estimates from the Housing and Development Board\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-continue-to-fall-in-q2\/","url_meta":{"origin":100380,"position":4},"title":"HDB Resale Prices Continue To Fall In Q2","date":"July 2, 2019","format":false,"excerpt":"\r Resale prices of Housing and Development Board (HDB) flats continued its downward trend, falling 0.2 percent in the second quarter of 2019, revealed flash estimates from the HDB. Providing information on the general price movements within the resale public housing, the resale price index (RPI) fell to 130.8 in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-4-in-q4-2019\/","url_meta":{"origin":100380,"position":5},"title":"HDB resale prices up 0.4% in Q4 2019","date":"January 2, 2020","format":false,"excerpt":"\r As such, the HDB Resale Price Index (RPI), which measures overall price movements of resale HDB flats, is now 131.4.\u00a0 Resale prices of HDB flats have continued to climb in Q4 2019, raising by 0.4% from the 0.1% increase in Q3 2019, according to the latest HDB flash estimates.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/HDB-flash-estimates-Q4-2019.png?fit=600%2C343&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100380"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=100380"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100380\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=100380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=100380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=100380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}